The dynamic relationship between inflation and output growth in a cash-constrained economy

Chia Hui Lu, Been Lon Chen, Mei Hsu

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

This paper studies the dynamic relationship between inflation and output growth in neoclassical growth models with endogenous cash constraints. We show this dynamic relationship is negative if the degree of cash constraints on investment is smaller than the degree of cash constraints on consumption but is positive if otherwise.

Original languageEnglish
Article number15
JournalB.E. Journal of Macroeconomics
Volume11
Issue number1
DOIs
Publication statusPublished - 2011 Jan 1
Externally publishedYes

Keywords

  • capital accumulation
  • cash constraint
  • dynamics

ASJC Scopus subject areas

  • Economics and Econometrics

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